Interesting story about the LTR underground Li project, high grading it and not doing paste fill early = they are going to "Nifty" the orebody and deplete all the best grades during the commodity slump and then be scrambling for sterilized ore and grade if/when the commodity price improves. Current management won't be around then all those chickens come home to roost. Given its a brand new operation they could have been more imaginative and cut corporate overhead costs, keep the mine plan intact, and mine the thing at half speed with 1 week of mining and then 1 week of processing, saves on labour costs and uses existing infrastructure and that way everything is maintained and puts less Li into the market and allows the market to get more into balance, and give themselves more time to see what happens with the commodity price. Also gives them the option of returning to full production quickly rather than switching everything off, and letting it rust and degrade over time, and then get caught out trying to restart in the next Li boom.
No need to switch anything off. Target high grade. Very low iron content in processing. Pad is full to brim with ore. Have options to produce 6% or lower grade like competitors to save costs. You should have gone to the AGM today and given Tony O and Tim the benefit of your knowledge.
Matty, to the fore. Fantastic review and explanation of Liontown update. Excellent opportunity for Gina to reduce her break even investment exposure, if that is an issue. Cheers and well done
Hard rock Li mining in Australia has a lot of pain ahead. Rio has seen the writing on the wall - Argentinian brine will be to Li what Indo has been to Nickel.
Lead acid batteries aren't going anywhere fast, just as lithium batteries will be around for a long time too...their successors will take a long time to phase in
@@bradmodd7856 Hate to be a kill joy but sodium-ion batteries proposed by Donald Sadoway, Professor Emeritus of Materials Chemistry at the Massachusetts Institute of Technology, are being tested as we speak..
Interesting story about the LTR underground Li project, high grading it and not doing paste fill early = they are going to "Nifty" the orebody and deplete all the best grades during the commodity slump and then be scrambling for sterilized ore and grade if/when the commodity price improves. Current management won't be around then all those chickens come home to roost.
Given its a brand new operation they could have been more imaginative and cut corporate overhead costs, keep the mine plan intact, and mine the thing at half speed with 1 week of mining and then 1 week of processing, saves on labour costs and uses existing infrastructure and that way everything is maintained and puts less Li into the market and allows the market to get more into balance, and give themselves more time to see what happens with the commodity price. Also gives them the option of returning to full production quickly rather than switching everything off, and letting it rust and degrade over time, and then get caught out trying to restart in the next Li boom.
No need to switch anything off. Target high grade. Very low iron content in processing. Pad is full to brim with ore. Have options to produce 6% or lower grade like competitors to save costs. You should have gone to the AGM today and given Tony O and Tim the benefit of your knowledge.
Matty, to the fore. Fantastic review and explanation of Liontown update. Excellent opportunity for Gina to reduce her break even investment exposure, if that is an issue. Cheers and well done
Great piece on Mali JD! Can you share the report that includes the graphic on Wagner please?
Send an email to GC@moneyofmine.com and we'll flick it through mate!
Great presentation
What an excel wizard!
THANKS
Hard rock Li mining in Australia has a lot of pain ahead. Rio has seen the writing on the wall - Argentinian brine will be to Li what Indo has been to Nickel.
A shitload of money is going to be lost if a better material is developed for battery storage !
Lead acid batteries aren't going anywhere fast, just as lithium batteries will be around for a long time too...their successors will take a long time to phase in
@@bradmodd7856 Hate to be a kill joy but sodium-ion batteries proposed by Donald Sadoway, Professor Emeritus of Materials Chemistry at the Massachusetts Institute of Technology, are being tested as we speak..
Vanadium? Jon Price at RVT thinks V is the bees knees
As we speak sodium-ion batteries are being beta-tested in Germany.
Listen at 1.5x speed
1.75 don't be a baby
@@bradmodd7856 2.4x
MIGHT be 10 years or more before Liontown pays a div
Or makes a profit
@@stevej02 true - that should be about 10 years